Nobell Inc Calculate Accounts Receivable Turnover Ratio for the Year 2015

Nobell Inc. provides the following data: $$\begin{array} { | l | r | r | } \hline & \underline { 2015 } & \underline { 2014 } \\\hline \text { Cash } & \$ 40,000 & \$ 25,000 \\\hline \text { Accounts Receivable, Net } & 98,000 & 62,000 \\\hline \text { Merchandise Inventory } & 70,000 & 50,000 \\\hline \text { Property, Plant, and Equipment, Net } & \underline { 180,000 } & \underline { 120,000 } \\\hline \text { Total assets } & \underline { \$ 388,000 } & \$ 257,000 \\\hline\end{array}$$ $$\begin{array} { | l | r | } \hline \text { Net credit sales } & \$ 240,000 \\\hline \text { Cost of Goods Sold } & \underline { ( 110,000 } \\\hline \text { Gross profit } & \$ 130,000 \\\hline\end{array}$$ Calculate accounts receivable turnover ratio for the year 2015.

A) 5 times
B) 4 times
C) 3 times
D) 2 times